Simona De Silvestro and Paretta Motorsports will have sponsor MoneyLion on its No. 16 Chevrolet-powered entry in the Indianapolis 500, Paretta announced March 8.
The new team is the first to have a woman-owned and -driven entry in the sport.
“We’re thrilled to align with MoneyLion because of our shared ideals,” Paretta CEO/team principal Beth Paretta said in a team release. “MoneyLion’s focus on empowering women through improved financial access and literacy is a direct parallel to our mission of helping women advance their careers. We’re pleased that MoneyLion sees the value of our women-forward racing program and greatly look forward to being a part of their ‘Women Who Roar’ campaign.”
De Silvestro has 68 career NTT IndyCar Series, though none of them have come since 2015, when she ran the Indianapolis 500 for Andretti Autosport, finishing 19th. She has one podium finish, coming home second at NRG Park Stadium Circuit in Houston in 2013.
About the author
Luken Glover joined the Frontstretch team in 2020 as a contributor, furthering a love for racing that traces back to his earliest memories. Glover inherited his passion for racing from his grandfather, who used to help former NASCAR team owner Junie Donlavey in his Richmond, Va. garage. A 2023 graduate from the University of the Cumberlands, Glover is the author of "The Underdog House," contributes to commentary pieces, and does occasional at-track reporting. Additionally, Glover enjoys working in ministry, coaching basketball, playing sports, and karting.
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